LONDON--(BUSINESS WIRE)--Technavio has been monitoring the customs audit market and it is poised to grow by USD 2.10 billion during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the customs audit market. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions:
-
Based on segmentation by the service, which is the leading segment in the market?
The customs audit services are the leading segment in the market. -
What are the major trends in the market?
The emergence of new customs regulations like voluntary disclosures is the major trend in the market. -
At what rate is the market projected to grow?
The market is projected to accelerate at a CAGR of almost 5%. -
Who are the top players in the market?
Baker Tilly International Ltd., BDO International Ltd., Deloitte Touche Tohmatsu Ltd., Ernst & Young Global Ltd., Grant Thornton International Ltd, KPMG International Ltd., PricewaterhouseCoopers LLP, Schenker AG, United Parcel Service Inc, and XPO Logistics Inc. are the top players in the market. -
What are the key market drivers and challenges?
The market is driven by the increasing demand for an efficient supply chain. However, the concerns over cybersecurity breaches will challenge growth. -
How big is the APAC market?
35% of the market’s growth will originate from APAC during the forecast period.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Baker Tilly International Ltd., BDO International Ltd., Deloitte Touche Tohmatsu Ltd., Ernst & Young Global Ltd., Grant Thornton International Ltd, KPMG International Ltd., PricewaterhouseCoopers LLP, Schenker AG, United Parcel Service Inc, and XPO Logistics Inc. are some of the major market participants. Although the increasing demand for an efficient supply chain will offer immense growth opportunities, the concerns over cybersecurity breaches are likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this customs audit market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Customs Audit Market 2020-2024: Segmentation
Customs audit market is segmented as below:
-
Service
- Customs Audit
- Customs Advisory
-
Geography
- North America
- Europe
- APAC
- South America
- MEA
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Customs Audit Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The customs audit market report covers the following areas:
- Customs Audit Market Size
- Customs Audit Market Trends
- Customs Audit Market Industry Analysis
This study identifies the emergence of new customs regulations like voluntary disclosures as one of the prime reasons driving the customs audit market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Customs Audit Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist customs audit market growth during the next five years
- Estimation of the customs audit market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the customs audit market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of customs audit market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Service
- Market segments
- Comparison by Service
- Customs audit services - Market size and forecast 2019-2024
- Customs advisory services - Market size and forecast 2019-2024
- Market opportunity by Service
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
- Industry risks
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Baker Tilly International Ltd.
- BDO International Ltd.
- Deloitte Touche Tohmatsu Ltd.
- Ernst & Young Global Ltd.
- Grant Thornton International Ltd
- KPMG International Ltd.
- PricewaterhouseCoopers LLP
- Schenker AG
- United Parcel Service Inc
- XPO Logistics Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
